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2218 Southwest 22nd Avenue

Mark Rufeh Purchases Retail Property At 2218 Southwest 22nd Avenue For $2.6M
SOLDRetail

Mark Rufeh Purchases Retail Property At 2218 Southwest 22nd Avenue For $2.6M

2218 Southwest 22nd Avenue

$2,600,000

$571/SF

Building Size

4,548 SF

Asset Type

Retail

Closing

Apr 2, 2025

AI

The retail property located at 2218 Southwest 22nd Avenue in Miami was sold for $2,600,000. The asset spans a total area of 4,548 square feet, resulting in a price per square foot of $571.

Summary of transaction details:

Mark Rufeh acquired the property from Joyce M. Freire, with the transaction facilitated by Brigitte Nachtigall and Jorge Boj representing the buyer, while Ashleen Cruz and Alessandro Lima represented the seller. This successful transaction highlights the collaboration of the involved parties in the retail market segment.

Players

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93